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Rite Aid 28535 Cole Grade Rd 11,900 SF of Retail Space Available in Valley Center, CA 92082

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HIGHLIGHTS

  • Freestanding retail building with drive-thru built in 2019
  • High visibility with ±40,000 combined daily traffic count
  • Prime corner location at Valley Center’s busiest intersection

SPACE AVAILABILITY (1)

Display Rental Rate as

  • SPACE
  • SIZE
  • TERM
  • RENTAL RATE
  • RENT TYPE
  • 1st Floor
  • 11,900 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • TBD
Space Use
Retail
Condition
Partial Build-Out
Availability
Now

Entire building: drive-thru, built 2019, 48 parking spaces

  • Partially Built-Out as Standard Retail Space
  • Space is an outparcel at this property
  • Central Air Conditioning
  • Private Restrooms
  • Freestanding retail with drive-thru access
  • Prime corner at Valley Center’s busiest junction
  • High traffic counts: 40K+ combined daily vehicles
Space Size Term Rental Rate Rent Type
1st Floor 11,900 SF Negotiable Upon Request Upon Request Upon Request Upon Request TBD

1st Floor

Size
11,900 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Rent Type
TBD
Space Use
Retail
Condition
Partial Build-Out
Availability
Now

Entire building: drive-thru, built 2019, 48 parking spaces

  • Partially Built-Out as Standard Retail Space
  • Space is an outparcel at this property
  • Central Air Conditioning
  • Private Restrooms
  • Freestanding retail with drive-thru access
  • Prime corner at Valley Center’s busiest junction
  • High traffic counts: 40K+ combined daily vehicles

Rent Types


The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

PROPERTY FACTS

Total Space Available 11,900 SF
Property Type Retail
Property Subtype Drug Store
Gross Leasable Area 11,900 SF
Year Built 2020
Parking Ratio 4.03/1,000 SF

ABOUT THE PROPERTY

Positioned at the most prominent signalized intersection in Valley Center, this ±11,900 SF freestanding retail building offers a rare opportunity for tenants seeking visibility, accessibility, and strong consumer demographics. Built in 2019, the property features a modern design with a drive-thru, ample parking (48 spaces), and sits on a 1.36-acre parcel zoned for general commercial use—supporting a wide range of retail and service-oriented tenants. Located at the SEC of Valley Center Road and Cole Grade Road, the site benefits from the area’s highest traffic counts, with ±23,186 ADT on Valley Center Road and ±16,959 ADT on Cole Grade Road. The surrounding community is notably underserved by retail, creating a compelling opportunity for new entrants. Valley Center is home to major regional draws including Harrah’s Resort and Valley View Casino & Hotel, which attract consistent visitor traffic from across Southern California. The trade area is experiencing significant residential and commercial growth, with developments like Park Circle (632 homes, 34,000 SF commercial), Native Oaks Village (anchored by a national grocer), and North Village (573 homes) all underway or proposed. The local population is affluent, with a 10-minute average household income of $171,304 and a median home value of $928,887. These demographics, combined with limited competition, make this site ideal for retailers, QSRs, medical users, or service providers looking to establish a foothold in a high-growth, high-income market.

  • Corner Lot
  • Pylon Sign
  • Drive Thru
  • Air Conditioning
  • Listing ID: 37388165

  • Date on Market: 2025-08-22

  • Last Updated:

  • Address: 28535 Cole Grade Rd, Valley Center, CA 92082

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